SPS Commerce - M&A Summary and Business Overview

Internet Software And ServicesCompany

SPS Commerce M&A Summary

SPS Commerce has acquired 12 companies, including 8 in the last 5 years.

SPS Commerce’s largest acquisition to date was in 2024, when it acquired SupplyPike for $119M. SPS Commerce has acquired in 7 different US states, and 4 countries. The Company’s most targeted sectors include internet software and services (42%) and software (42%).

SPS Commerce Business Overview

Where is SPS Commerce headquartered?

SPS Commerce is headquartered in Minneapolis, Minnesota.

What is SPS Commerce’s revenue?

SPS Commerce disclosed revenue of 537M USD for 2023 and 451M USD for 2022.

How many employees does SPS Commerce have?

SPS Commerce has 2,489 employees.

What sector is SPS Commerce in?

SPS Commerce is an internet software and services company.

When was SPS Commerce founded?

SPS Commerce was founded in 1987 .

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity12
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

SPS Commerce

SPS Commerce, Inc.

333 South Seventh Street, Suite 1000,
Minneapolis, Minnesota 55402
United States,
(612) 435-9400
www.spscommerce.com

SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. SPS delivers its solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. SPS Commerce was founded in 1987 and is based in Minneapolis, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 4 - 1 2 2 3 12
vol $33M $17M $49M $148M $248M
Sell (0.0/yr) # - - - - - - 0
  12

Most Recent M&A

Company Date Value Type
SupplyPike, Inc. 2024-08-01 119M USD Add-on Acquisition
Rogers, Arkansas · www.supplypike.com
Traverse Systems LLC 2024-05-09 29M USD Add-on Acquisition
Sugar Land, Texas · www.traversesystems.com
Vision33 - SAP B1 SPS Integration Technology 2024-04-10 - Divestiture
Irvine, California
The Order Exchange 2023-09-26 - Add-on Acquisition
, Australia
TIE Kinetix N.V. 2023-09-13 - Add-on Acquisition
Breukelen, Netherlands · www.tiekinetix.com
InterTrade Systems, Inc. 2022-10-05 49M USD Add-on Acquisition
Minneapolis, Minnesota · www.intertrade.com
GCommerce, Inc. 2022-07-20 - Add-on Acquisition
Des Moines, Iowa · www.gcommerceinc.com
Genius Central Systems, Inc. 2021-11-03 17M USD Add-on Acquisition
Bradenton, Florida · www.geniuscentral.com
ToolBox Solutions, Inc. 2016-01-06 18M USD Add-on Acquisition
Brampton, Ontario · www.toolboxsolutions.com
Leadtec Systems Australia Pty Ltd. 2014-10-13 15M USD Add-on Acquisition
Burwood East, Australia · www.leadtec.com.au
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 5 (42%) 44M (18%) - -
Software 5 (42%) 136M (55%) - -
Information Technology 2 (17%) 67M (27%) - -
Total 12 $248M - -

By Geo

State/Country Buy Value Sell Value
United States 8 214M - -
  California 2 - - -
  Texas 1 29M - -
  Minnesota 1 49M - -
  Iowa 1 - - -
  Florida 1 17M - -
  Arkansas 1 119M - -
Australia 2 15M - -
Canada 1 18M - -
  Ontario 1 18M - -
Netherlands 1 - - -
Domestic 8 (67%) 214M (87%) - -
Cross-border 4 (33%) 33M (13%) - -
Total 12 $248M - -

Top M&A Advisors

Financial Deals
Navidar Holdco LLC
 1

Deal Values

buy # Total
$100M to $1B 1 $119M
< $100M 5 $129M
TOTAL $248M
Largest SupplyPike, Inc.
$119M (2024-08-01)

M&A Connections

Deals
Acquired from
Strategic(s)
8%
1 (8%)

Company Summary

SECTOR

Internet Software and Services

Revenue

537   20% 2023
451   18% 2022
385   24% 2021
313   13% 2020
279   13% 2019
248   13% 2018
221   15% 2017
193   22% 2016
159   25% 2015
128   24% 2014
104   36% 2013
77   2012
(millions of USD) Show More Show Less

Employees

2,489

Established

1987

Public

NASDAQ: SPSC

Former Name

St. Paul Software, Inc.

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